DPW.DE finds buyers again around 36.40
Moving higher for the 3rd day in a row, DPW.DE ended Monday at 36.48 edging higher €0.01 (0.03%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.
Monday's trading range was €0.37 (1.01%), that's far below last trading month's daily average range of €0.62. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average.
After having been unable to move lower than 36.35 in the prior session, the share found buyers again around the same price level today at 36.40.
Although the stock is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.
Selling might speed up should prices move below the close-by swing low at 35.81 where further sell stops could get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
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